India : Business News Headlines – 09 Sep 2016
Fri Sep 09 2016
Ramesh Sridharan (870 articles)

India : Business News Headlines – 09 Sep 2016

Business Standard
Ø  Rules may be eased for banks and NBFCs under GST
Ø  Brookfield set to buy majority stake in RCom towers
Ø  Gas price for ONGC may be slashed by 20%: CMD
Ø  India’s net FDI inflows for FY17 likely at $35 bn: Citigroup
Ø  ONGC may buy stake in GSPC’s KG basin block
Ø  4G telecom service to rake over Rs 79K cr in 4 yrs: Study
Ø  Govt issues norms for time-bound closure of CPSEs
Ø  President’s nod to Constitution Amendment Bill on GST
Ø  Auto sector clocks robust 26% growth in August
Ø  Shah panel report vindicates our stand, says ONGC
Ø  US cuts anti-dumping duty on our shrimp import
Ø  Volatility forces Yes Bank to defer $1 bn QIP
Ø  HZL plans to double silver production in 5 years: Sunil Duggal
Ø  Maruti Suzuki India to consider stock split

Business Line
Ø  Adani Group, Tata Power emerge top players in solar market
Ø  Just Dial gets RBI’s in-principle nod for its prepaid wallet
Ø  ‘GST law is like India signing a free trade pact with itself’
Ø  SAIL losses rise to Rs 536 cr in first quarter
Ø  Godrej eyes smart cities projects to scale up premium locks segment

Ø  Byju’s raises $50 million from Chan Zuckerberg Initiative, others
Ø  Reliance Jio, Airtel, Vodafone, Idea to meet Trai over interconnecting charges
Ø  Maharashtra’s mega refinery, petchem project faces land acquisition hurdle
Ø  Cairn-Vedanta merger gets LIC backing

Financial Express
Ø  Sensex ends 119 points up, Nifty settles above 8,950;
Ø  Government may allow employees to raise New Pension System fund in stocks soon
Ø  RBI cancels registration certificate of 5 NBFCs
Ø  Banks can accept tax dues in cash under IDS: RBI
Ø  Mahindra eyes Rs 2,600-cr incremental revenue from Ola tie-up

Financial Chronicle
Ø  HP Enterprise in $8.8b deal with Micro Focus
Ø  Tesla gets $300m lease credit line from Deutsche Bank
Ø  ‘India among top M&A markets in emerging Asia’
Ø  TCS warns financial clients delaying spending
Ø  Sebi sets price bands for non-farm commodities
Ø  August sees sharp rise in flows into equity MF, ELSS

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Ramesh Sridharan

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai